ZE Energy Secures Financing for 77-MWp Solar Project

• ZE Energy's Vert project in southwestern France is set to revolutionize solar power with 77 MWp and advanced energy storage, connecting to the grid by 2025.

ZE Energy has secured financing for a 77 MWp solar-plus-storage project in southwestern France, known as the Vert project, which is currently under construction. The funding was arranged through asset manager Sienna Investment Managers, under its Predirec ENR 2 fund.

The hybrid facility will feature a 14.8-MW/33.5-MWh lithium-ion battery energy storage system and is designed as a utility-scale, ground-mounted plant. It is set to connect to the local utility Enedis's grid upon completion, expected in early 2025. The project also includes a power purchase agreement with French telecommunications company Orange SA.

What are the key features and significance of ZE Energy's Vert solar-plus-storage project?

• Project Name and Location: The Vert project is situated in southwestern France, which is notable for its increasing investment in renewable energy infrastructure.
• Capacity: The project has a total installed capacity of 77 MWp (megawatts peak), reflecting its potential to generate significant amounts of clean electricity.
• Energy Storage Component: A key feature of the Vert project is its integrated battery storage system, which has a capacity of 14.8 MW/33.5 MWh. This allows for efficient energy management, including storing excess solar power for use during periods of low sunlight.
• Hybrid Energy Approach: By combining solar power generation with battery storage, the Vert project represents a critical advancement in hybrid energy systems. This approach enhances the reliability and flexibility of energy supply.
• Utility-Scale and Ground-Mounted Design: The project is designed as a utility-scale installation, which signifies its capability to produce energy at a scale that can support local grid demands and contribute to regional energy stability.
• Connection to Local Grid: Upon completion, the project will be connected to the Enedis grid, which is essential for integrating the generated solar energy into the local electricity network and ensuring its availability to consumers.
• Strategic Partnerships: The project includes a power purchase agreement with telecommunications giant Orange SA, demonstrating the intersection of renewable energy with corporate sustainability initiatives in various sectors.
• Financing and Investment: The project received financing through Sienna Investment Managers and its Predirec ENR 2 fund, indicating growing interest from private investors in funding renewable energy initiatives. This could pave the way for more such projects in the future.
• Environmental Impact: The Vert project aligns with broader goals of reducing carbon emissions and transitioning to sustainable energy sources, contributing to national and global energy transition goals.
• Regional Benefits: Beyond energy production, the project may provide local economic benefits such as job creation during construction and operational phases, as well as potential long-term employment in maintenance and management.
• Timeline: With an expected completion date in early 2025, the project is part of a growing trend towards faster deployment of renewable energy technologies in response to climate change.
• Technological Innovation: The incorporation of lithium-ion battery technology not only enhances energy efficiency but also represents the modernization of the energy sector, promoting innovation in storage solutions.
• Market Implications: The successful implementation of the Vert project could serve as a model for future solar-plus-storage initiatives, influencing market patterns and encouraging similar projects across France and beyond.